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performance of firms that receive the credit. The findings suggest that the role of reputation and relationship based financing … sector firms is taken as evidence that it is alternative financing and governance mechanisms that support China's growth …. This paper takes a closer look at firm financing patterns and growth using a database of 2,400 Chinese firms. The authors …
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better than formal banks in developing countries. We examine firm financing patterns and growth using a database of twenty …-four hundred Chinese firms. While a relatively small percentage of firms utilize bank loans, bank financing is associated with … faster growth whereas informal financing is not. Controlling for selection, we find that firms with bank financing grow …
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This paper takes stock of the empirical evidence on the financing challenges faced by small and medium enterprises …, including the lack of reliable credit information, lack of suitable collateral, and weak legal institutions. It next highlights … that have been shown to be effective in improving access to credit for small and medium enterprises. The paper concludes by …
Persistent link: https://www.econbiz.de/10012943536
affects financing of large and small firms. Our database is not limited to large firms but includes small and medium …-size firms and data on a broad spectrum of financing sources, including leasing, supplier, development, and informal finance … property rights increases external financing of small firms significantly more than of large firms, mainly due to its effect on …
Persistent link: https://www.econbiz.de/10012562242
This paper takes stock of the empirical evidence on the financing challenges faced by small and medium enterprises …, including the lack of reliable credit information, lack of suitable collateral, and weak legal institutions. It next highlights … that have been shown to be effective in improving access to credit for small and medium enterprises. The paper concludes by …
Persistent link: https://www.econbiz.de/10012245522
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